Business News

Wireless Telecom company ‘SK Telecom’ unveils 5G mobile edge computing open platform

South Korea’s major wireless telecom operator is opening up its 5G mobile edge computing platform to third parties and enterprise customers. by Kendra Chamberlain on FierceWireless – TFMNews SK Telecom unveiled its mobile edge computing (MEC) open platform, which it says can enhance response times in 5G data communications. The operator plans to open up […]

Finance Update World News

India State-run electricity distribution companies (discoms) posted losses over Rs.15,000 crore in the first half of FY19

India State-run electricity distribution companies (discoms) posted losses over Rs.15,000 crore in the first half of FY19 The UDAY schem has gone under a cloud as there is stagnation in the improvement of different operational parameters. Losses of the discoms in Telangana, Tamil Nadu, Madhya Pradesh, Assam and Andhra Pradesh dramatically increased during first half […]

World News

Beijing City Govt to raise 10 billion yuan ($1.5 billion) from prospective investors

Beijing city government to raise 10 billion yuan ($1.5 billion) from prospective investors It was planned by Beijing’s civil State-owned Assets Supervision and Administration Commission (SASAC) Reuters   HONG KONG (Reuters) – A venture firm supported by the Beijing city government is in discussion with imminent investors to raise more than 10 billion yuan ($1.5 billion) […]

Business News

HP Global Investors meet: 159 MoUs signed with Rs.17,000 crore investment commitment

Himachal Pradesh investors meet: 159 MoUs signed with Rs.17,000 crore investment commitment, says CM Jai Ram Thakur Stating that such initiatives were never taken before in the state, the CM said efforts would be made to ensure clearances for projects faster. TFM Watch As many as 159 memorandum of understandings (MoUs) were signed on Monday […]

Business News World News

Ecuador inks $4.2 billion financing deal with IMF: President Lenin Moreno

Reuters: Ecuador inks $4.2 billion financing deal with IMF: President Lenin Moreno Moreno said the maturities on the loans extended “up to 30 years” and that the interest rates “on average” did not exceed 5 percent. TFM Watch Ecuador has reached a $4.2 billion staff-level financing deal with the International Monetary Fund (IMF), President Lenin […]